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When I opened CT this morning, I was greeted by a bunch of hack-related tweets. Not one, not two, but atleast a handful of them.
Folks are getting caught off guard, thanks to malicious Zoom links. In one instance, a friend’s hacked Telegram account was used to deliver the meet link.
In another case, a user was drained almost $20,000, while in the third case someone had to part ways with $996,000.
Reading postmortem analyses and after-incident tweets always sends goosebumps down the spine.
Use these incidents as a reminder to make sure all your screws are tightened, take double precautionary measures, and stay away from unsolicited links.
And if that wasn’t already a lot, protocols also seem to be falling victims to the same hack spell.
Nemo protocol was hacked for $2.4 million, while Kinto announced that it’s shutting down operations owing to an earlier hack.
Sigh.
Price-wise, we’ve started the week on the right foot - it’s been a green day so far. Both gamblers and whales are winding up their short positions and replacing them with new longs.
One trader, for instance, opened a $45 million long with 40x leverage, while another one has put $63 million on the line to open a 10x leveraged long position.
Like we pointed out in the previous edition, the weekly close above $112k was crucial. That, however, didn’t happen. We closed around $111.1k which means we’re not completely out of the woods, yet.
Avoid diving headfirst into the bullish territory unless you have the appetite of a whale or gambler. I’d say take it easy until we get a trend confirmation.
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The important bits.
Kyan unveils Options Chain built for pro-level trading, read here
Giza agents have autonomously moved over $1.6 billion across markets in six months, read here
Saga introduces its first native stablecoin $D, read here
Stargate integrates EDU Chain, unlocking zero-fee inbound transfers for USDC, with instant connectivity to 55+ ecosystems, read here
Even more important bits.
From Zoom calls to empty wallets: How hackers are outsmarting crypto veterans, read here
Validators, not VCs: Hyperliquid lets community decide fate of USDH, read here
Stablecoin hunger games? Paxos, Frax, Agora, and more compete for Hyperliquid’s USDH issuance, read here
Nasdaq takes a push to launch trading of tokenized securities, read here
Upbit, South Korea’s largest exchange, is looking to launch its GIWA chain, read here
Charts and stats of the day.
Hype claims new ATH, chart here
Solana apps continue to lead all L1s and L2s in 24H and 30D revenue, stats here
Whale scoops up 600 million $PUMP tokens, skyrocketing his total holdings to $799.72 million, check dashboard here
ICYMI.
We’re gonna release a news bulletin everyday covering the daily headlines, prices and flows from across the industry. You can tune in to stay in loop of everything that’s happening.
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Telemetry data of the day.
Pump.fun + Heaven + Bonk trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it’s free).
Hyperliquid is set to launch its native stablecoin, USDH, and they’ve opened the selection process to the community.
Validators are gonna vote in the coming days to decide which team will issue USDH. They’re all fighting like beasts - the competition includes proposals from Circle, Paxos, Frax Finance, Agora, Ethena, MoonPay, Rain, and Native Markets.
Each proposal brings a distinct approach: Paxos emphasizes regulatory compliance and platform value redistribution, Frax focuses on high-yield returns via treasury-backed stablecoins, and Agora offers neutrality with broad cross-chain payment coverage.
The battle is freakin’ on.
The proposal deadline is on the 10th, so we’ll be seeing more submissions over the next couple of days.
Everyone seems desperate to shape Hyperliquid’s stablecoin future, and the vote on the 14th will decide which vision takes the lead.
Higerrrrliquid.
To save you doom scrolling.
It’s always about the bigger picture, innit?
Looks like we’re about to dive back into the memecoin madness phase. Gotta start keep tabs!
Lavina 🫡
